It’s been months since my last review and during the time I wasn’t writing, I noticed a few things…
With regulation continuing to try and make sense of crypto, people around the world slowly becoming more aware of what blockchain technology can do. Larger companies are finally starting to wake up to blockchain and cryptocurrency. Choosing to embrace new technology is not really a choice anymore, the longer they wait the longer it will take to get caught up with the exponential growth. The smart ones are starting to figure that out, but like many, some still haven’t figured it out.
Those who have been paying attention might realize that companies are trying desperately to remain relevant. In a market saturated with countless tech start-ups, I wondered if there are any companies out there succeeding in the current time.
HedgeTrade is a project that I’ve loosely kept an eye on over the last while. They stuck around through the turbulence of the crypto market this entire time. Catching up some of their latest I saw they launched 6 different trading pairs on 4 exchanges, done a complete re-brand, and have expanded their team and offices all in a matter of months. In this bear market, I found this pretty surprising. I checked into the status of their HEDG token, and based on CoinGecko’s ROI Indicator things are going well.
While this isn’t the only project on CoinGecko showing 4-digit ROI values, HedgeTrade seems focused on developing out their trading platform with no signs of stopping. If you were lucky enough to be an initial investor this project you would have you sitting pretty on a substantial return on your investment right about now. Any investment with values up 1,500% is a win, especially now.
Their platform’s incentive structure is one of the more novel ideas out there, which I think has been key to the fact they still exist. Bad information doesn’t get paid for, only good information that translates into profit is paid for by those seeking it.
In comparison to more recently popular projects like Bloom, the contrast is almost blinding as these projects are now showing dismal ROI values, and it’s only been a few months.
It’s not all bad for Bloom though, this company is still making measurable progress. Bloom is still maintaining their presence both on and offline with regular updates, appearances at conferences, topping app charts, and they have recently announced crossed a milestone of over 250,000 BloomID’s being created.
Even if their ROI is down, Bloom is still laying down pavement for blockchain and cryptocurrency for the masses. In particular, they are focusing on one of the biggest problems of the current digital age – data breaching. In 2018 alone 2,694,400,000 records were either exposed or stolen globally. Bloom is combatting this by using blockchain tech to let people own their own data and be in control of its usage and authorization to do so. With so many breaches of data taking place, trust needs to be a priority, one that Bloom and blockchain can deliver.